Enterprise Finl Servs Q2 2024 Adj EPS $1.21 Beats $1.06 Estimate, Sales $156.023M Beat $154.504M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enterprise Financial Services (NASDAQ: EFSC) reported Q2 2024 adjusted EPS of $1.21, beating the $1.06 estimate. Sales were $156.023M, surpassing the $154.504M estimate. Despite the beats, EPS decreased by 6.2% YoY, while sales increased by 0.67% YoY.
July 22, 2024 | 8:13 pm
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Enterprise Financial Services (NASDAQ: EFSC) reported Q2 2024 adjusted EPS of $1.21, beating the $1.06 estimate by 14.15%. Sales were $156.023M, surpassing the $154.504M estimate by 0.98%. Despite the beats, EPS decreased by 6.2% YoY, while sales increased by 0.67% YoY.
The positive earnings and sales beats are likely to have a short-term positive impact on EFSC's stock price. However, the YoY decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100